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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 09, 1916
Page
24
A Sunday review summarizes financial and commercial markets with weather and pressure readings. It notes pressure changes, slight temperature shifts, and light precipitation hints, while wind directions and speeds are briefly described. Strong entities are not clearly identified in the readable fragments.
The Gulf Storm began to rally after a softer Bureau report as Liverpool spots firmer. Market activity shows mixed cues with investors weighing the impact on futures and shipping.
The latest spot cotton notes volatile week with New York dip after government crop report, while prices hold near highs as storm and flood warnings affect the Gulf coast. New Orleans and San Antonio spots rise modestly. prices at local compresses show mixed gains across grade lines.
The New York cotton market opened steady with October at 13.11 and December at 13.28 as rains in the south and steady cables supported prices. Reports of flood warnings in eastern Mississippi and five inches of rain at Birmingham accompanied crop damage whispers in Alabama and Mississippi, but trading remained quiet with no fresh buying and a barely steady close.
New Orleans July 8 cotton futures opened steady with bids for Aubres October December January and March ranging around 12.79 to 18.14. Futures closed steady with highs and lows listed for July and August contracts though the figures are partially garbled.
Spot cotton with good sealing quoted at 24.4 cents per pound middling 8.084 and low middling 7.924. Gales and exports included 200 bales for spec. Receipts total 22,300 bales.
July 8 report from Elgin notes futures steady and butter prices holding firm. The market shows multiple month quotes around 7.7 to 7.88 with various spreads and a final local quote of 60 tubs at 27 1/2 cents.
The produce market showed generally fair business with light receipts due to rain. California tomatoes appeared in the market, lettuce shipments were good, Mamie Ross crop nearing end as Elberta peaches will come later. poultry prices held steady amid large local supply and weekly carload shipments to Eastern markets. Provisions edged up slightly but not meaningfully affecting small consumers.
Wholesale prices to retailers and shippers list Texas and California produce. New Texas red potatoes at $2.50 per 100 weight. onions 6¢ per pound. cantaloupes in Texas crates $1.00 to $1.25. watermelon and corn prices. apples, bananas, and oranges priced by box or hundredweight. Canned goods, coffee, flour, and meats also shown with multiple figures and crate or per-pound rates.
New Orleans reported a quiet rice market with no receipts and unchanged quotations. Sales noted for clean Hondura were 488 pockets.
Fort Worth reports cattle receipts 600 with steer and heifer prices mostly 4 to 8.50 per hundredweight. Hogs receipts 400 with heavy hogs around 9.50 to 9.80. Lambs and sheep receipts 60 with lambs at 9.00 to 9.50 and wethers 6.60 to 7.28. Goats priced around 4.00.
Receipts and quotations show hogs 4000 head market lower. pigs and lights 8.75-10.15. mixed and butchers 9.90-10.20. good heavy 10.10-10.20. bulk 9.90-10.15. Cattle receipts 600. market steady with native beef steers 7.50-11.35. yearling steers and heifers 8.50-10.65. cows 5.50-8.50. stockers and feeders 5.50-8.50. Texas Oklahoma steers 5.50-9.90. prime yearling steers and heifers 8.75-10.25. cows and heifers 5.00-8.00. prime southern steers 9.00-10.00. native calves 6.00-12.00. Sheep receipts 409. market steady with wethers 6.00-7.50. clipped ewes 4.00-6.00. clipped lambs 6.00-10.00. spring lambs 7.00-10.78.
Kansas City on July 8 reported hog receipts 6900 with higher prices. bulk at 9.86 to 10.10, heavy 10.10 to 10.15, light 9.75 to 10.00, pigs 9.25 to 9.60. Cattle receipts 1000 including fifty southerns, market steady. prime fed steers 10.25 to 11.00, dressed beef steers 8.00 to 10.00, southern steers 6.60 to 9.00, cows 5.00 to 8.25, heifers 6.00 to 10.00, stockers 6.75 to 8.25. Sheep receipts none, market steady. lambs 9.60 to 10.75, yearlings 7.50 to 8.25, wethers 6.50 to 7.50, ewes 6.26 to 7.10.
Receipts total 11 000 hogs 200 cattle 6000 sheep with a strong to steady market. Bulk hog prices 9 85 to 10 10 light 9 60 to 10 10 mixed 9 20 to 9 60, sows 9 60 to 10 26, pigs 8 15 to 9 60. Native beef cattle 7 30 to 11 20 western steers 8 20 to 9 40 stockers 5 60 to 8 65 calves 3 50 to 9 75. Wethers 6 60 to 8 00 lambs 7 60 to 10 85.
New York July 8 reports cotton goods firm with stronger activity in print cloths and convertibles. Yarns remain firm. Wool markets quoted at top prices, many near record highs.
In New York on July 8 the market showed varied closes for cotton seed oil with numbers across months. July closed at 10.65 to 10.75, August 10.62 to 16.65, September 16.50 to 10.52, October 9.56 to 9.58, November 8.66 to 8.67, December 8.56 to 8.538. Trading volume stood at 3900 bales.
A Paterson man bets his brother in law owes $54 for board and seizes the debtor’s cork leg valued at $150 to secure payment. The Sun lampoons the move as absurd, noting a cork leg cannot replace flesh and bone and questioning the logic of using such collateral. The piece cites Captain Ned Cuttle’s hook for comic comparison.
The Texas State Department of Agriculture notes mixed conditions for the week ending July 1. Some areas see improved crops from recent rains, while others face drought and boll weevil damage, with oats and corn forecast cautionary yields in several counties.
Prices recorded Saturday show steady markets for country candied creamery butter poultry and poultry products in San Antonio. Hens and broilers listed with per pound and per dozen figures, including turkeys and ducks, among others.
September 8.20 and through June 8.63 show steady but quiet pricing. Spot coffee remains firm with Rios 7s at 9 percent and Santos da 10 percent across the period.
Turpentine firm shows sales 1148 and receipts 785 with stock at 12 942. Resin firm reports sales 834 receipts 2062 shipments 3725 with various price quotations listed from $5.35 to $6.35 and weekly averages noted.
Quotations to Gay were as follows Butter Creamery 29c firsts 270 seconds 25c packing 22c Eggs Firsts 21 %c Poultry Hens roosters 10 0c springs 26c New potatoes weak Texas Oklahoma Louisiana Triumphs 65c Kaw Valley early Ohion weak 65c
Quotations today show butter steady at 23 to 27 cents a pound for creamery. Eggs steady with receipts of 15 660 cases. firsts 22 to 22 cents, ordinary firsts 20 to 21 cents. Potatoes high with 40 cars received. notable regional prices listed for Triump hos, St Louis, Ohio, and Virginia. Poultry prices higher with fowls 17 cents and springs 22 to 28 cents.
The Interstate Commerce Commission authorized the Missouri Kansas and Texas Railway to ignore the long and short haul provision to set equal rates for corn wheat millet flax and hemp seed from Arkansas to St. Louis matching the St. Louis and San Francisco Railway on the direct route. The Chicago and Great Western Railway may set petroleum rates from Oklahoma and Kansas fields to compete with the Santa Fe direct line.
New York reports July 8 show coffee futures firm with 7 Rio 9% price levels. Sept 8.24 and Dec 8.38 quoted as steady. A separate incident recounts Mr Tompkins lodging at a rural hotel where a Bible in the room prompts a fire escape joke from a staff member.
In New York the coffee market opened slightly higher but soon attracted some selling. The session ended with a net decline of 2 to 7 points after trading 14 000 bags. July priced at 8.03 and August at 8.11.
In New York the past week saw almost all trading driven by professional activity. Prices rebounded as Mexican tensions eased, while midyear dividends and bonds attracted demand. United States Steel neared its yearly high, while zinc and copper shares weakened. Bond prices fell and munition stock divestment continued amid mixed moves across industrials.
San Antonio July 8 Temperatures rainfall and weather conditions reported for stations in the Houston district along the 76th meridian time. Data reflect daily readings and meteorological remarks from the region's weather office.
The belt shows unsettled weather with showers in the east gulf estates. Rainfall exceeds an inch in Amite Louisiana and many Mobile Montgomery Savannah and Atlanta districts. Five inches or more recorded in Birmingham Clanton Alabama Columbus Gainesville Griffin Georgia and ten inches at Eufaula Alabama. Allen Buell meteorologist Weather Bureau.
Mercantile paper 4 percent, sterling 60 day bills 4.72, demand 4.75 percent. Cables 4.767-16, guilders 41 7-16 demand, 41 9-16 cables. Bar silver 62, Mexican dollars 47. Government bonds steady, railroad bonds easy.
New York daily financials show clearing house banks and trust companies hold 53.5 million dollars in excess reserves, down 35.5 million from last week. Loans and discounts total 3.261 billion, while net demand deposits fall 97.9 million and net time deposits drop 1.48 million.
Weather bulletin notes wind under ten miles per hour and precipitation under .01 inch not published. Meteorologist Allen Buell signs off with a cheeky personal aside.
Chicago July 8 The wheat market last week showed no standout features with holidays reducing trading. After a bullish start from foreign reports and a later weather-positive dip, rains and farmer holding tendencies limited gains. A late week uptick came from reports of black rust in North Dakota and a firmer hog market lifting provisions.
Buyers paid varied prices Saturday for grain and hay delivered in San Antonio. Corns and oats values appear incomplete with several varieties listed alongside bulk hay prices for maize, millet, sorghum, cane, prairie, Johnson grass, and alfalfa with per ton figures ranging notably high for alfalfa and other forage.
Quotations listed today show yard and red corn prices with No 2 and No 8 grades. No 2 mixed corn and No 8 white corn prices are given, along with No 2 white oats and No 8 oats values.
Grain futures closed with July and Sept wheat figures and corn values noted. Chicago cash grain quotations show No 2 red and No 2 yellow corn, standard oats, and barley priced around 63 to 80 cents.
Quotations list grain prices with No 2 red wheat at 1.02 to 1.16 dollars, No 8 hard nominal, corn No 2 at 0.79 to 0.80 dollars, No 2 white 0.80 to 0.89 dollars, and No 2 oats at 0.39 dollars, with No 2 white nominal.
Quoted local packing house prices show dry salt extras at 16 cents, bacon extras 17 words per pound, dry salt bellies 14 to 16 pounds averaging 17 cents, fancy breakfast bacon 27 cents, lard 14 cents, compound lard 13 cents.
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